Gould move could signal PGC shift
Gould move could signal PGC shift
George Gould has resigned from the board of Pyne Gould Corporation (PGC) to become group managing director of PGG Wrightson, a move that could signal a change in direction for PGC.
Dene Mackenzie
Higher food prices net loss to economy
Higher food prices net loss to economy
High food prices will harm the New Zealand economy, New Zealand Institute of Economic Research principal economist Shamubeel Eaqub says.
'Protection' available within NZ asset sales
'Protection' available within NZ asset sales
It could be possible to ring-fence shares in partially floated state-owned assets, but it was not necessary to do so to protect the ownership, Craigs Investment Partners broker Peter McIntyre said.
RWC significant driver: Bollard
RWC significant driver: Bollard
The Rugby World Cup will be a significant economic driver to New Zealand this year, adding about $700 million to the economy in the six weeks of the event, Reserve Bank governor Alan Bollard says.
Homes still largely out of reach
Homes still largely out of reach
Queenstown houses are slightly more affordable, thanks to a slide in prices in December, according to the Roost Home Loan Affordability report.
English aiming for budget surplus by 2014-15
English aiming for budget surplus by 2014-15
The Government was prepared to play its part in building national savings and reducing the reliance on foreign debt, Finance Minister Bill English said yesterday.
Right to hold OCR, Ebert says
Right to hold OCR, Ebert says
The Reserve Bank yesterday rightfully maintained a firm line by keeping the official cash rate at 3%, BNZ economist Craig Ebert said.
Cullen fund helps Government books
Cullen fund helps Government books
The benefits of the New Zealand Superannuation (Cullen) Fund investing in sharemarkets shone through clearly yesterday with the release of the Government's financial performance.
Privatisation call welcomed by investors
Privatisation call welcomed by investors
A partial float of state-owned energy companies would be widely welcomed by investors in New Zealand, brokers said yesterday.
Older voters will need convincing
Older voters will need convincing
Selling down ownership of state-owned assets to reduce debt is a sound idea, especially when New Zealand is borrowing $300 million a week just to meet outgoings.
Missing letters get adviser worried for his clients
Missing letters get adviser worried for his clients
Dunedin financial adviser Peter Smith is concerned some of his clients have not been updated on the status of their investments with failed Equitable Mortgages Ltd.
Hallenstein shares hit by downgrade
Hallenstein shares hit by downgrade
Hallenstein Glasson shares were hit hard yesterday after the company announced a profit downgrade.
Caution urged over latest service sector figures
Caution urged over latest service sector figures
The Otago-Southland services industry appeared to have had a major bounce in activity last month, but caution is being advised against reading too much into the latest figures.
Air NZ alliance wins Moody's approval
Air NZ alliance wins Moody's approval
The Air New Zealand shareholding and alliance with Virgin Blue has received the tick of approval from brokers and Moody's Investors Service, with brokers picking more good news to follow.
Businesses taking longer over debts
Businesses taking longer over debts
Some New Zealand businesses are in for a tough year as their customers delay payment and cash flows dry up, New Zealand Credit and Finance Institute president David Young says.
Kits facilitate cybercrime
Kits facilitate cybercrime
The increasing availability of malicious attack tool kits is dominating the internet threat landscape, Symantec Asia-Pacific and Japan senior manager Peter Sparkes says.
Super issue: concern over inequalities
Super issue: concern over inequalities
Superannuation is guaranteed to be an election issue this year, with Labour pledging to force the Government to confront what it sees as an unaffordable burden on taxpayers and savings specialists calling for changes to KiwiSaver.
Cocker, you are so beautiful still
Cocker, you are so beautiful still
Cocker Happy? Yes, they were. There cannot be anyone who does raw emotion like the lad from Sheffield - Joe Cocker.
Benefits from Air NZ's stake in Virgin
Benefits from Air NZ's stake in Virgin
A shareholding in Virgin Blue gave Air New Zealand access to a much larger population in a way that did not require a large capital outlay, New Zealand Funds Management chief investment officer Michael Lang said yesterday.
Opinion: In plain English, minister, cost-of-living bill's bigger
Opinion: In plain English, minister, cost-of-living bill's bigger
Finance Minister Bill English has seriously underestimated the general intelligence of voters by trying to overspin a positive message coming from the spike in inflation in the three months ended December.